Wynn Pulls Out of Waterfront Casino - NBC 10 Philadelphia

Wynn Pulls Out of Waterfront Casino



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    Las Vegas entrepreneur Steve Wynn will no longer seek a casino license in Philadelphia, now that gambling is on its way to New York.
    Wynn had made an elaborate pitch this year to build a casino along the Philadelphia waterfront.
    Wynn Resorts says Monday it will drop its bid because of the looming competition in New York, where voters last week approved a measure to license seven casinos. 
    Wynn also cites concerns about recent industry results in Philadelphia. The city has one casino up and running.
    A second license is up for grabs after a Foxwoods project fell through. Wynn had been one of six applicants for that license.
    The Wynn company says it will focus on other business opportunities.

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